Could you withold from being taxed from your lottery win until you get a lawyer to put all that money into a tax haven, and then pay the tax in pennies? I mean, if billionaires could get away with stashing their money into offshore and tax havens and pay pennies in taxes, why couldn’t this instant billionaire do the same?
Yep, it’s that last part in combination with the other comments point. They know with absolute certainty that you got that money, but the other billionaires keep all of their money tied up in “assets” before the government gets to take a look at it
Could you withold from being taxed from your lottery win until you get a lawyer to put all that money into a tax haven, and then pay the tax in pennies? I mean, if billionaires could get away with stashing their money into offshore and tax havens and pay pennies in taxes, why couldn’t this instant billionaire do the same?
Nah. There’s a reason the parasites insist on getting most of their pay in stock and benefits.
You have a great point. This is crypto before crypto became a thing.
Because it isn’t that simple, especially if the government already knows exactly how much you’re getting and from where
Yep, it’s that last part in combination with the other comments point. They know with absolute certainty that you got that money, but the other billionaires keep all of their money tied up in “assets” before the government gets to take a look at it